Answer:
Measuring economic indicators helps economist judge the overall conditions of a country's economy.
Explanation:
This question is to complex. In Order for this to be answerable you would need to put it into chunks
Answer:
Budget expenditure part
B.H. No. Budget heads Annual Appropriation of Budget
22311 Office expenses 58,000
22121 Rental charges 30,000
22711 Miscellaneous expenses 11,000
29311 Furniture 1,50,000
<u>Given:</u>
Elasticity of Demand = 2
Decrease in price = 1%
<u>To find:</u>
Change in quantity demanded
<u>Solution:</u>
The percentage change in quantity demanded is the mathematical product of the percentage change in price and elasticity of demand. This can be mathematically represented as,
![\% \text{ change in quantity demanded }=\% \text{ change in price }\times\text{Elasticity of demand }\\\\ \Rightarrow \% \text{ change in quantity demanded }=1\times2\rightarrow 2\%](https://tex.z-dn.net/?f=%5C%25%20%5Ctext%7B%20change%20in%20quantity%20demanded%20%7D%3D%5C%25%20%5Ctext%7B%20change%20in%20price%20%7D%5Ctimes%5Ctext%7BElasticity%20of%20demand%20%7D%5C%5C%5C%5C%20%5CRightarrow%20%5C%25%20%5Ctext%7B%20change%20in%20quantity%20demanded%20%7D%3D1%5Ctimes2%5Crightarrow%202%5C%25)
Since, there is a decrease in price, the demand for the product will increase. Therefore, we can conclude that there will be 2% increase in quantity demanded
I did the quiz just yesterday and got a 100. The answer is E